China PVC Powder Industrial Operating Rate Likely to Rise
Preface: From September, the PVC powder industrial operating rate first rose and then dropped, but the average operating rate was higher than the same period last year.
The PVC powder industrial operating rate first rose and then dropped in September and October. In November, the operating rate climbed slowly.
The PVC powder industrial operating rate changed notably in September and October. From mid-September, the PVC powder industrial operating rate saw a notable increase due to less unit maintenance and the restart of previously overhauled units. In October, the operating rate dipped gradually because maintenance units increased, and some units ran at lower loads. In November, the operating rate hovered at 75% with limited growth. First, a couple of units were under maintenance. Second, some units ran unstably.
From mid-September, the PVC powder industrial operating rate was higher than the same period in previous years.
The PVC powder industrial operating rate was lower than the same period in previous years most of the time. From mid-September, the industrial operating rate was higher than the same period in previous years. The operating rate saw a notable increase in end-September and rose to 91.67% in early October, which was an annual high. Up to November 11, the operating rate was 75.57%, up 6.19 percentage points Y-O-Y.
From mid-September, the industrial operating rate was higher than the same period in previous years. From September, the integrated profit of chlor-alkali enterprises was higher than the same period in previous years. In October 2022, the integrated profit moved down and turned from positive to negative. Some producers cut operating rates or halted production due to profit losses, so the operating rate dropped notably.
The PVC powder industrial operating rate may climb further with the end of unit maintenance.
According to SCI, only two units have not undergone maintenance this year. The later cold weather is not suitable for maintenance, so the autumn maintenance season has largely come to an end. It is expected that there will be fewer maintenance units in December. In addition, except for long-term shutdown units, a couple of producers may restart units and raise operating rates. Thus, the operating rate may move up in December. If the integrated profit is positive, the industrial operating rate is likely to reach around 80%.
All information provided by SCI is for reference only, which shall not be reproduced without permission.
Please click "Read more" for the full article.
